$459,999

5 Beds
2½ Baths
1,627 Sqft
.05 Acres
No Garage

Excellent Mid-City investment opportunity on a lovely, oak-lined stretch of Banks Street. Located two blocks from the thriving and expanding BioDistrict New Orleans, one block from the new Trader Joeâs, and minutes to Downtown and the French Quarter. This renovated 5-bedroom, 2.5-bath property is commercially zoned MU-1 and currently operates as a successful Commercial Short-Term Rental (CSTR), generating approximately $85,000 annually. An active, transferable CSTR permit is in place. Renovated three years ago, the home features new Hardie siding, recent foundation and pier work, durable and low maintenance vinyl plank flooring, and an inviting backyard complete with a hot tub and fire pit.

Link to AirBnb listing: https://www.airbnb.com/rooms/1502298458211171176?viralityEntryPoint=1&s=76&source_impression_id=p3_1775841129_P3Wb8CrS5r8EUzwG&scroll_to_review=1632845323869448496

Essential Information
MLS® #2550563
Price$459,999
Bedrooms5
Bathrooms2.50
Full Baths2
Half Baths1
Square Footage1,627
Acres0.05
Year Built1926
TypeResidential
Sub-TypeDetached, Traditional
StatusActive
Community Information
Address2614 Banks St
CityNew Orleans
CountyOrleans
StateLouisiana
Zip Code70119
Parking

Driveway, Off Street, One Space

Interior
Interior FeaturesCeiling Fan(s)
HeatingCentral
CoolingCentral Air
FireplacesNone
Appliances

Dishwasher, Microwave, Oven, Range

Exterior
ExteriorHardiPlank Type
Exterior FeaturesPatio
Lot DescriptionCity Lot, Rectangular Lot
RoofShingle
ConstructionHardiPlank Type
FoundationRaised
Additional Information
Days on Market41
Property History
Price Reduced from $475,000 to $459,999
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